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Do gross sales and fees go on my tax return?

I’m confused on what i report on my tax return for square processing for my sales 

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Square Champion

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you should consult a tax preparer or accountant for the best advice to where you are.

 

Just In general, income is your gross sales and then your fees, item cost, and other expenses to your business are expenses to lower your gross income to reveal your true profit.

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Square Champion

Best Answer

you should consult a tax preparer or accountant for the best advice to where you are.

 

Just In general, income is your gross sales and then your fees, item cost, and other expenses to your business are expenses to lower your gross income to reveal your true profit.

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Super Seller Alumni

I agree with @VanKalkerFarms on this. Your tax return isn't something you want to mess with if you don't know what you're doing. The last thing anyone wants to deal with (while they're trying to run their business) is an audit. I use an accountant for tax preparation. $800 well spent that I can write off every year. 

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